Future Vision II Acquisition Corp. (NASDAQ:FVNNU) Shares Shorted: Short Interest Up 811.6% in September

Future Vision II Acquisition Corp. (NASDAQ:FVNNU) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 392 shares, a growth of 811.6% from the August 31st total of 43 shares. Based on an average daily trading volume, of 2,740 shares, the days-to-cover ratio is currently 0.1 days.

Future Vision II Acquisition Price Performance

Future Vision II Acquisition stock traded down $0.60 during trading hours on Friday, hitting $10.20. The company had a trading volume of 126 shares, compared to its average volume of 2,019. The company has a 50-day moving average price of $12.34 and a two-hundred day moving average price of $11.40. Future Vision II Acquisition has a 1 year low of $8.80 and a 1 year high of $20.87.

Future Vision II Acquisition Company Profile

Future Vision II Acquisition Corp is a Delaware-incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and pursue mergers, capital stock exchanges, asset acquisitions or other business combinations. The company’s units trade on the Nasdaq under the ticker FVNNU, with each unit consisting of one share of common stock and a fraction of a warrant. Upon completion of its IPO, proceeds from the offering were placed in a trust account, pending approval by shareholders for a proposed business combination.

As a blank check entity, Future Vision II does not conduct any commercial operations of its own.